As we approach the deadline for the self-assessment tax return for the 23-24 year, you maybe starting to panic if you haven’t made a start on this yet, or you maybe trying to ignore all reminders that are out there in the media.
As accountants, we try our best to prepare and complete client’s tax returns throughout the year, so that by December and January, the majority are complete.
Yes we always have last minute returns.
It is human nature to procrastinate and leave the nasty things to the end. Sometimes neglect them altogether.
Here are some tips on ensuring you can still make the deadline
If you are self employed
Get your business bank statements together if you use one.
Get your sales invoices together.
Find all of your receipts, and purchase invoices
Lastly, consider any small out pocket expenses you may have incurred even if you don’t have receipts
Aim to tackle one of these every day.
If you are a landlord, it’s similar, managing agent statements, mortgage interest and details of repairs, maintenance and replacement items.
If you have been struggling on your own, consider hiring an accountant.
Leaving your tax return unfiled, will only lead to penalties for non-filing and also penalties for late payment.
There is often the possibility of putting a time to pay arrangement in place.
We still have some spare capacity, so please contact us. We still have time to file your tax return for you, but the clock is ticking.
